Penn Entertainment Posts Strong Q2 Results as Interactive Segment Marks New Record

American gaming giant Penn Entertainment has published its financial report for the second quarter of the year, reporting an increase in revenue and EBITDA, as well as a significant narrowing of the company’s net loss.

Penn’s Interactive Segment Reported Record-Breaking Figures

In the second quarter of 2025, Penn Entertainment’s revenue reached almost $1.8 billion, marking a slight year-on-year increase from $1.7 billion in Q2 2024. This figure reflected retail property revenues of $1.4 billion, as well as Interactive segment revenues of $316.1 million.

The company’s adjusted EBITDAR, on the other hand, increased to $240 million. The retail property segment’s adjusted EBITDAR reached $489.6 million with margins of 33.8%. The interactive segment, meanwhile, reported an adjusted EBITDA loss of $62 million.

As mentioned, the company’s net loss narrowed from $27.1 million in Q2 2024 to $18.3 million in Q2 2025. Diluted loss per share for the period narrowed from $0.18 in Q2 2024 to $0.12 in Q2 2025.

As of June 30, 2025, Penn Entertainment reported total liquidity of $1.2 billion, inclusive of $671.6 million in cash and cash equivalents. The company’s outstanding debt for the period stood at $2.1 billion.

In addition to that, the company reported that, in Q2, it repurchased 5,835,467 shares of its common stock for a total of $90.3 million, implying an average price of $15.47 per share. With this, the company had repurchased 7,249,349 shares of its common stock in open market transactions for $115.3 million at an average price of $15.90 per share in the first half of 2025.

CEO Snowden Hailed the Report

Penn Entertainment’s president and CEO, Jay Snowden, addressed the results and provided further insights into how the various segments performed. He said that the overall demand in the company’s retail segment had increased by approximately 4% year-on-year. Snowden added that property-level performance was “highlighted by theoretical revenue growth across all rated age and worth segments.” He added that the company is set to hold the opening of its new Hollywood Casino in Joliet on August 11.

In the meantime, the interactive segment reported record-breaking revenue as the Hollywood iCasino app continued to expand. CEO Snowden attributed 70% of the gaming revenue to users that are newly acquired, retail native, or reactivated. At the same time, Penn continued to enhance its ESPN BET app by introducing new engagement features, such as the FanCenter.

CEO Snowden concluded that he was pleased with the performance of the retail segment and the record-breaking results of the interactive segment. He also praised the continued share buyback initiatives, saying that his team remains committed to its previously stated goal to repurchase at least $350 million of shares.